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Mongolia is currently experiencing a rapid economic transformation generated by vast mineral discoveries. Starting in the past decade, a boom in mining exploration confirmed the existence of large mineral deposits, notably copper, uranium, oil, coal, ... See More +Mongolia is currently experiencing a rapid economic transformation generated by vast mineral discoveries. Starting in the past decade, a boom in mining exploration confirmed the existence of large mineral deposits, notably copper, uranium, oil, coal, iron ore, and gold. Investments are turning these into world-class mineral projects: Oyu Tolgoi is likely to become one of the five largest copper and gold mines in the world; the Tavan Tolgoi mine has potential to supply high quality coking coal for more than 100 years. The share of mining in gross domestic product (GDP) was 20 percent in 2012, twice the rate of a decade before.
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